FTX Collapse Sparks Calls to Jail Founder Bankman-Fried
Sam Bankman-Fried has been dubbed the Bernie Madoff of crypto after his firm, FTX, was insolvent and its filing for chapter 11 bankruptcy on November 11.
Sam Bankman-Fried has been dubbed the Bernie Madoff of crypto after his firm, FTX, was insolvent and its filing for chapter 11 bankruptcy on November 11.
Huobi reveals a transparency report to boost user confidence. Recently, the exchange holds an estimated $3.5 billion. Read CNL
Two strange addresses affiliated with Alameda Research withdrew $80 million at the last minute before Solend IDO ended.
Since Monday, Huobi Global’s native coin HT/USDT, which was once widely used in China, has increased by almost 70%, reaching a four-month high of $7.60.
The 13th largest cryptocurrency exchange in the world, Huobi, founded by Leon Li, is apparently trying to sell its over 60% ownership interest for over $1B.
To provide debit cards in 40 countries, Visa is collaborating with the international exchange FTX, with an emphasis on Latin America, Asia, and Europe.
Alameda to Repay $200 Million in Crypto to Bankrupt Voyager. Sam Bankman-Fried is a crypto billionaire and well-known figure in the trading sector. Even according to Bloomberg, FTX allegedly tried to purchase Robinhood. According to a court document from insolvent Voyager Digital Ltd., crypto millionaire Sam Bankman-Alameda Fried’s Research will return around $200 million in Bitcoin and Ether that it had borrowed from the company. According to a separate filing made late Monday, the deal to return the cryptocurrency was made public after Voyager’s plea to have the loan to Alameda reimbursed was allowed by a New York bankruptcy court.